Navigation Links
Report Ignores True Value of Chicago Hospitals
Date:4/10/2009

ts, which for many hospitals comprise over 50% of their business.
  • Using only an income approach to estimate property tax liability does not take into account that local assessors use a more robust and accurate analysis that results in a lower market value of properties than the income only approach. The Report estimates property tax for the study hospitals at about 2.2 percent of expenses. However, for hospitals in Cook County that currently are paying property taxes, their property tax is about 1% of their expenses.
  • The study disregards the Medicaid shortfall - the unreimbursed cost of providing Medicaid services - even though the report states: "To be sure, Non-profit hospitals provide many benefits to their communities. One such benefit is providing care to Medicaid beneficiaries." Moreover, the Internal Revenue Service has recently determined that Medicaid shortfall is a community benefit and should be so reported under the federal tax code. On average, Illinois hospitals are reimbursed less than the cost of treating Medicaid patients. For the study hospitals, this shortfall totals about $315 million.
  • Illinois hospitals also relieve the burden on government by caring for Medicare patients at less than cost. On average, Illinois hospitals are reimbursed only about 90 percent of the cost of treating Medicare patients.
  • The Report admits that at least 50% of hospital bad debt is provided to persons who likely would qualify for charity care. The reality is that most of a hospital's bad debt is provided to patients who are unable to pay. In most instances, if the patient would only cooperate with the hospital by providing necessary information, these accounts could be classified as charity care instead of bad debt. The bottom line is that bad debt represents care provided to members of the community for which the hospital is not paid.
  • Hospita
    '/>"/>

    • SOURCE Illinois Hospital Association
    Copyright©2009 PR Newswire.
    All rights reserved

    0

    GOOD

    Page: 1 2 3 4 5 6 7 8 9 10

    Related medicine news :

    1. Consumer Reports Survey Shows High Satisfaction for Physical Therapist Treatment of Back Pain
    2. CardioDynamics Reports First Quarter 2009 Results
    3. Declines in Foodborne Illness Have Plateaued, Report Says
    4. Streamline Health Solutions, Inc. Reports Fourth Quarter Results
    5. Hillenbrand Expects to Report Second-Quarter Net Revenue of $170.8 Million and Revises 2009 Guidance
    6. Mindray to Report First Quarter 2009 Financial Results on May 11, 2009
    7. Universal Capital Management Reports Top Delaware Surgeon to Join Advisory Board
    8. New Report Details How to Create a Public Health Insurance Option as Part of Nations Health Reforms
    9. BioInformatics, LLC New Report - Capitalizing on New Opportunities for Stem Cell Products
    10. In Wake of ICRC Report, Health Professionals Must Be Held Accountable for Torture
    11. New Report Defines Challenges for New Entrants in Key Rheumatology Markets
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:5/21/2013)... According to the Center for Disease Control and Prevention ... Over 800,000 of these bites require medical attention, half ... be aware of the danger that dog bites pose to ... children may sustain more serious injuries than an adult. ... ages of 5 and 9 are at the greatest risk ...
    (Date:5/20/2013)... (PRWEB) May 20, 2013 Heritage ... community in Lake County, Illinois, is hosting Breakfast and ... The community, which is located at 3775 Grand Ave. ... including those on Medicaid, who need some help to ... breakfast buffet and games of bingo," says Tammy Temaner-Rosas, ...
    (Date:5/20/2013)... Los Angeles, California (PRWEB) May 20, 2013 ... surgery done, it's not always to become ... to a May 7, 2013 ABC News report ... About Family”abcnews.go.com/Politics/OTUS/chris-christie-secretly-lap-band-weight-loss-surgery/story?id=19124435#.UZrR0bWUTDk) made it clear that the surgery ... a presidential candidate or gain celebrity status as ...
    (Date:5/20/2013)... In order to prepare for the long hot days of ... an article series to raise awareness about skincare health and ... with the precautions that need to be taken in order ... one of the 3.5 million cases of skin cancer diagnosed ... skin cancer cases are associated with exposure to sunlight without ...
    (Date:5/20/2013)... May 21, 2013 People are so busy ... Stress levels are through the roof and are contributing to ... this stress could mean the difference between life and death. ... event on 29 May will share valuable, practical tools people ... influence the world around them for social good. , Organised ...
    Breaking Medicine News(10 mins):Health News:Personal Injury Law Firm Announces New Informational Graphic Regarding Dog Bite Injuries 2Health News:Heritage Woods of Gurnee Affordable Assisted Living Community to Host Breakfast and Bingo 2Health News:The Lap Band Center: Dr. Atul Madan Applauds Chris Christie's Dedication to Family and Loss of 30 Pounds After Lap Band Surgery 2Health News:The Lap Band Center: Dr. Atul Madan Applauds Chris Christie's Dedication to Family and Loss of 30 Pounds After Lap Band Surgery 3Health News:Combat Skin Cancer In Summer Months 2Health News:Chill Out and Change the World, Say Mind Experts at V Star Bliss Event in Sydney 2
    ... linked to better prognosis, research suggests , THURSDAY, July ... (HPV) may improve survival in patients with head and ... finding may explain why black Americans, who have far ... neck cancer survival rates. , "There is currently no ...
    ... , , Association,s ... Waste, Fraud, and Abuse in Medicare , , ... Homecare strongly supports the recent Medicare Fraud Strike Force crackdown on ... fraud takes vital resources away from seniors and patients. Reducing fraud ...
    ... , , , , YOUNTVILLE, ... Physicians and Dentists: , , WHAT: A special hearing of ... been CANCELLED . The hearing was originally , scheduled for ... www.uapd.com , , , ...
    ... , DETROIT, July 30 The following ... Anthony: , , Congressman Thaddeus McCotter is misguided ... his remarks to the Cambridge Police Department. If Congressman McCotter ... by issuing an apology to the citizens of Michigan for the ...
    ... , PASADENA, Calif., July 30 AutoImmune ... BioMS Medical Corp., and Eli Lilly and Company reported ... delaying disease progression, as measured by the Expanded Disability ... in patients with secondary progressive multiple sclerosis (SPMS). In ...
    ... , PLEASANTON, Calif., July 30 Thoratec Corporation (Nasdaq: ... support therapies to save, support and restore failing hearts, today announced ... and first six months of fiscal 2009 on Wednesday, August 5. ... call to discuss its financial results and operating activities open to ...
    Cached Medicine News:Health News:Virus May Affect Survival in Head and Neck Cancer 2Health News:American Association for Homecare Supports Crackdown on Medicare Scammers in Houston, Boston, New York, Louisiana 2Health News:American Association for Homecare Supports Crackdown on Medicare Scammers in Houston, Boston, New York, Louisiana 3Health News:American Association for Homecare Supports Crackdown on Medicare Scammers in Houston, Boston, New York, Louisiana 4Health News:Clinical Trial by Licensee Does Not Meet Primary Endpoint 2Health News:Thoratec Schedules Second Quarter Conference Call, Webcast 2
    (Date:5/20/2013)... NEW YORK , May 20, 2013  Echo ... Rule 2.5 of the Irish Takeover Rules (the "Announcement"), ... Corporation, plc (NYSE: ELN ) to $12.50 ... financed, cash confirmed and not conditional on due diligence.  ... eliminated.  Royalty Pharma has reserved the right to waive ...
    (Date:5/20/2013)... 20. Mai 2013 Sequent Medical, ... die CE-Kennzeichnung für die SL-Produktfamilie („Single Layer") ... erhalten hat. Das Unternehmen hat in ausgewählten ... kontrollierten Einführung dieser neuen Modelle begonnen. Neben ... ein verbessertes Handling, das es Ärzten ermöglicht, ...
    (Date:5/20/2013)... CLEVELAND , May 20, 2013 ... the healthcare industry by creating the Multi-Disciplinary Clinical ... a variety of medical experts with diverse healthcare ... the healthcare industry to create new software solutions ... the specific needs of patients and staff. ...
    Breaking Medicine Technology:Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 2Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 3Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 4Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 5Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 6Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 7Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 8Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 9Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 10Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash 11Sequent Medical, Inc. bringt neue SL-Produktfamilie seiner WEB Geräte zur Embolisation von Aneurysmen auf den Markt 2Sequent Medical, Inc. bringt neue SL-Produktfamilie seiner WEB Geräte zur Embolisation von Aneurysmen auf den Markt 3Hyland Software Forms Multi-Disciplinary Clinical Leadership Team to Augment Healthcare Solutions 2
    ... , BOSTON , Feb. 16 ... the Company has designed and is set to develop a ... MammoView™ System currently offers a dilator set with a metal ... is significantly softer while still offering comparable durability to the ...
    ... , NEW YORK , Feb. ... Corporation, announced today that it has named Dr. Charles ... as vice president, innovation for the Group,s Zynx Health and ... , In his role, Tuchinda will lead innovation strategies for ...
    Cached Medicine Technology:Solos Endoscopy, Inc. Set To Develop New Polymer Dilator For MammoView(TM) System 2Hearst Business Media Names Dr. Charles Tuchinda Chief Innovation Officer, Healthcare 2Hearst Business Media Names Dr. Charles Tuchinda Chief Innovation Officer, Healthcare 3
    ... AliMed® Turnbuckle Elbow Orthosis applies dynamic ... or flexion. Controls elbow contracture in ... muscle strength. Also good for elbow ... is tightened to apply tension (but ...
    ... ACTION Elbow Wrap replaces messy taping and ... and others experiencing epicondylitis. Preferred by doctors ... non-bulky fit. Two overlay straps allow you ... foam lining holds the Elbow Wrap comfortably ...
    ... is designed to handle post-op elbow arthroscopy, ... Bledsoe Extender Arm Brace should be used ... the elbow is desired. In most cases, ... formed, fitted and adjusted in 5 minutes ...
    ... This controlled stretch ankle support helps reduce swelling ... motion. It is easy to apply - ... slim design fits easily into shoes. It ... ankle, and provide side-to-side support and stability. ...
    Medicine Products: